Middle East Luxury Goods Market is Expected to Grow at a CAGR of 8.1% During the Forecast Period (2016-2024)

Posted on 2018-08-30 by Goldstein Research in Industrial // 0 Comments

New York, USA, 2018-Aug-30 — /EPR Network/ —According to Goldstein Research, one major trend in the market is growing knowledgeable and inquisitive consumer population in the Middle East. As verified by the vast demand for designer brand sales in UAE, consumers now pay more attention to worth, rather than just the brand or product itself. Moreover, in the Middle East, Especially in GCC countries 70% of consumers claim to have increased their spending over luxury goods compared to 53% in more mature markets such as Europe, Japan and the United States.

Middle East Luxury Goods Market Outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe. Additionally, the Kingdom of Saudi Arabia accounted for the largest market share of more than 35% of Middle East luxury goods market in 2017. In Middle East GCC countries are the fastest growing markets for luxury cosmetic products owing to highest per capita spending over cosmetic products.

Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/middle-east-luxury-goods-market-size

Market Segmentation

On the basis of our in-depth analysis, Middle East luxury goods market can be segmented as follows:

By Product Type

Designer Apparel and Footwear
Accessories
Jewellery
Cosmetic and Beauty Products
Fine Wine & Spirits
Others (Electric Gadgets etc.)

By Demography

Men
Women

By Distribution Channels

Online Channel
Offline Channels (Flagship Stores Etc.)

Based on Country

Kingdom of Saudi Arabia (KSA) Luxury goods Market {Market Share (%), Market Size (USD Billion)}
United Arab Emirates (UAE) Luxury goods Market {Market Share (%), Market Size (USD Billion)}
Iran Luxury goods Market {Market Share (%), Market Size (USD Billion)}
Qatar Luxury goods Market {Market Share (%), Market Size (USD Billion)}
Oman Luxury goods Market {Market Share (%), Market Size (USD Billion)}
Kuwait Luxury goods Market {Market Share (%), Market Size (USD Billion)}
Bahrain Luxury goods Market {Market Share (%), Market Size (USD Billion)}
Jordan Luxury goods Market {Market Share (%), Market Size (USD Billion)}
Rest of Middle East Luxury goods Market {Market Share (%), Market Size (USD Billion)}

Browse Full Report: https://www.goldsteinresearch.com/report/middle-east-luxury-goods-market-size

“Middle East Luxury goods Market Outlook 2024” contains the detailed overview of the Middle East luxury goods market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, by demography and by distribution channels.

Further, for the in-depth analysis, Middle East Luxury goods Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Rolex SA, Prada Group, Burberry Group plc, L’ORÉAL, SHISEIDO, ESTÉE LAUDER, LVMH, Coty, Chanel, Dior, Guerlain, Clarins, Clinique, Lancôme, Beiersdorf, Kering SA, The Swatch Group Ltd., Ralph Lauren Corporation and Hermes International Group.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the Middle East luxury goods market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Key questions answered in this Middle East luxury goods market report

What is the Middle East luxury goods market size by 2024 and what would be the expected growth rate of sales?
What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
What are the luxury goods market trends?
What are the factors which are driving this market?
What are the major barriers to luxury goods market growth?
Who are the key vendors in this market space?
What are the market opportunities for the existing and entry-level players?
What are the recent developments and business strategy of the key players?

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on consumer industry reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

Matched content

Editor’s pick